Greece's failure, Europe's shame! by Christos MouzevirisAfter 5 years being in the media spotlight for its economic woes, the Greek drama reached finally-or hopefully- its crescendo. Lat week on early Thursday hours, the Greek Parliament approved the new bitter austerity measur

Estonian report by Euro ReporterEstonian Holocaust exhibit ‘outrageous and disgusting example of poor taste’R: What do you think of the exhibition in Tartu, Estonia, opened to mark the 70th anniversary of the libera

Sorting out inequalities among the European population by Christos MouzevirisDuring the economic crisis we became more aware to a number of faults in the EU\'s structures and institutions. Europe is not yet an equal continent, but the inequalities do not stop just to the rich and industrialized \"North\" and the poor un

French report by Euro ReporterChange privacy policy or face fines
Google has found itself in hot water in France. The country’s data protection watchdog has told the internet

Finnish report by Euro ReporterFinland says Russia invaded its airspace
The Finnish Defence Ministry said in a statement released Wednesday two Russian military aircraft crossed into Finland\'s airspace. The ministry said the in

Dutch report by Euro ReporterNetherlands school shooting threat: police arrest suspect in Leiden Dutch police say they have arrested a suspect in an online threat to shoot a teacher and students that prompted authorities to close all the high schools i

Belgian report by Euro ReporterAnger as Belgium plans to introduce motorway tax charge
Dutch motorists\' organisation ANWB is up in arms about plans by Belgium to

Austrian report by Euro ReporterAustria challenges Germany\'s new pension tax ruling
A change to German tax law will require around 150,000 Austrians currently in receipt of a German

The partnership is dead in Cyprus by Thanos KalamidasSo let me see. Britain has a common currency, the pound. but for some reason Oxfordshire is not doing so well with economics so the central bank in London decides to isolate Oxfordshire and doomed the locals. And that’s a solution. Nothin

Portuguese report by Euro ReporterPortugal opposition chief demands renegotiation of bailoutPortugal should renegotiate the terms of its international bailout because its program of budget cuts has failed and sent the economy into a slump, the head of the m

Maltese report by Euro ReporterMalta’s many joysStanding on a cliff overlooking the near-deserted beach in Ramla Bay on the northern shore of Gozo — the second largest of the islands that make up the Maltese archipelago — the mind easil

The nightmare in the neighbourhood by Thanos KalamidasWhat do you think when you read, Swaziland? I presume you think of a poor African country with little kids in the streets asking for food and a lot of support from the United Nations. Well you are not far from the truth and the more informed ca

Latvian report by Euro ReporterLatvia mulls foreign adoption restrictions1,500 Latvian children have been adopted by foreigners over the past few years, prompting restricting initiatives in the Latvian parliament, local media report. Possible restriction

Italian report by Euro ReporterCross border action to tackle the mafiaTwo years ago, one of Italy’s most powerful crime groups, the ‘Ndrangheta, found some 40 of its associates put behind bars in the capital of the southern province Reggio Ca

Irish report by Euro ReporterAusterity raises child poverty rate in Ireland to 19.7%Child poverty rates have increased in five countries which are cutting their budget spending, including Ireland, a study has shown. Rates of

German report by Euro Reporter'New Wars' Demand New MindsetsGermany's government recently announced plans to do a 180-degree policy shift by deploying armed drones in combat. It argues that remote-controlled killing

Greek report by Euro ReporterFree food handout ends in one person trampled in GreeceA protesting action that gathered Greek farmers outside the agriculture ministry in Athens on Wednesday ended in one man trampled by the crowd

French report by Euro ReporterLights out – France to force shops and offices to go dark overnightShops and offices throughout France will be forced to turn off their lights overnight in a bid to fight light pollution, the

Finn report by Euro ReporterNew bioeconomy initiative in Finland to support SMEsThe bioeconomy is growing at an unprecedented rate, and the demand for new services and more efficient tools to boost business in this industry is

Estonian report by Euro ReporterLeader’s Twitter feud to become operaA Twitter feud in June between the Estonian president and New York Times columnist Paul Krugman who questioned the impact of Estonia's austerity measur

Dutch report by Euro ReporterNew marijuana ban for foreigners sees change after intense lobbyingOn a wet winter afternoon, the place was empty. The palm-tree murals went un-admired, the elaborate smoke-extraction system was tur

Cypriot report by Euro ReporterBanking reforms urgedCyprus will have to take steps to tackle money laundering and improve the transparency of its banking sector to secure an international bailout deal that may have to wait until

Belgian report by Euro ReporterDoubling of French applying to become Belgian citizens A total of 126 French people submitted applications in 2012 compared to 63 each in 2011 and 2010, according to Georges Dallemagne, the presiden

Spanish report by Euro ReporterDNA Tests for Illegal Immigrant ChildrenSpain plans to take DNA samples from illegal immigrant children arriving in the country's North African enclave of Melilla to make sure the adults accompa

Portuguese report by Euro ReporterTourism key for jobs and exports says President of PortugalThe President of Portugal, Anibal Cavaco Silva, has highlighted the importance of tourism to the country’s jobs and exports on the oc

Maltese report by Euro ReporterGovernment class on EU funds absorptionJust 33.1% of EU funds available to Malta under the 2007-2013 financial frameworks have actually been paid out, MEP Edward Scicluna said Friday morning. The ME

Luxembourg report by Euro ReporterLuxembourg royals deny contacts with Britain's MI6Luxembourg's royal family on Saturday denied that head of state Grand Duke Henri maintained contacts with Britain's MI6 secret service.

Italian report by Euro ReporterCentre-left chooses candidate to succeed MontiItaly's centre-left votes on Sunday for a candidate who will become front runner to succeed Mario Monti as prime minister after a general election n

Irish report by Euro ReporterIreland and IMF taking steps to prepare for bailout exit in 2013A number of measures, including access to dedicated credit lines, are to be put in place to ease Ireland’s exit from the bailout

Hungarian report by Euro ReporterHungary’s credit default swaps rise to highest in five weeksHungary’s cost to insure debt with credit-default swaps rose to the highest in five weeks as a dispute between U.S. political

German report by Euro ReporterGerman Greens want conservative voters, not allianceGermany's Greens do not want to form a coalition with Chancellor Angela Merkel's conservatives after elections next year, but hope to poac

French report by Euro ReporterFrance tells Germany it will slash deficitFrance’s prime minister assured Germany on Thursday that his country is committed to getting its debt under control, amid concerns that the second-lar

Finnish report by Euro ReporterFinland's Jewish community denies advising Jews not to wear kippah in publicFinland's Jewish community has strongly denied media reports that one of its security officers had advised Jews in

Estonian report by Euro ReporterEstonia becomes a member of UN Human Rights CouncilOn Tuesday, elections for the UN Human Rights Council took place in New York and Estonia was elected to be a member of the council from 2013-2015,

Dutch report by Euro ReporterDutch teenagers sentenced in "Facebook murder"Two Dutch teenagers were sentenced to two years in juvenile detention and three years of compulsory therapy on Monday for ordering the death o

Cypriot report by Euro ReporterCyprus official says bailout deal with visiting troika team may take longer than expectedCyprus is unlikely to sign a bailout deal during the upcoming visit by officials from potential creditors, a

Belgian report by Euro ReporterBelgian Crown Prince at heart of royal scandalCrown Prince Philippe, 52, had been depicted in a book as less of a man than is needed to become the next king of Belgium. Again. So, in an exceptional

Austrian report by Euro ReporterRat poison terror alertAnti-terror police are investigating whether nine tonnes of rat poison stolen together with an Austrian firm's lorry might be used to make explosives. RDX is not only one

Spanish report by Euro Reporter2,000 sheep led through streets of Spain's capitalSpanish shepherds led a flock of more than 2,000 sheep through central Madrid on Sunday in defence of ancient grazing, migration and d

Portuguese report by Euro ReporterIn shadow of economic crisis, Portugal sees increase in sex tradePortugal’s NGOs are reporting an increase in the number of women of all ages resorting to prostitution, desperate to make ends

Luxembourg report by Euro ReporterLuxembourg invites Indian companies to raise fundsFaced with stable economic growth even in turbulent time in India, Luxembourg, the small European nation, has invited Indian companies to consider i

Maltese report by Euro ReporterMaltese businesses are being endangeredThe Government’s bad decisions in the energy sector were endangering Maltese businesses and the economy, Labour leader Joseph Muscat said yesterday. The

Italian report by Euro ReporterStudents across Italy protest austerity measuresTens of thousands of school children and students took to the streets of 90 cities across Italy on Friday to protest tax hikes on university fees and

Irish report by Euro ReporterIrish bank debt deal could help credit ratingMoody’s Investors Services would consider removing the threat of a downgrade to Ireland’s credit rating if the euro zone agreed to ease the d

German report by Euro ReporterGermany demands more power on bankingGermany is demanding greater power on the board of the eurozone’s new bank supervisor, a politically charged request that further complicates Europe’

Beware of Angela bearing gifts by Thanos KalamidasThe last thirty years I have met and occasionally worked with a big number of politicians in every level of the political life – from local to national to international level - and in many different countries. All of them despite ideologi

Greek report by Euro ReporterDebt crisisGreece is to put 7,000 police on patrol and ban protests in parts of Athens to minimise the hostile reception for Angela Merkel, the German Chancellor, when she makes her first visit to t

Belgian report by Euro Reporter24-hour strike paralyzes Belgium train trafficA 24-hour strike by Belgian rail workers on Wednesday paralyzed train traffic throughout Belgium and the international high-speed service to London and

Austrian report by Euro ReporterAustrian banks gain after hitting targetsAustria’s biggest lenders were in demand this week after beating key capital targets set out by the European Banking Authority. The Austrian central ba

Spanish report by Euro ReporterSpain ready for bailout but Germany hesitates Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, Europe

Luxembourg report by Euro ReporterFitch Ratings has affirmed Luxembourg's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'AAA'. The Outlooks on the IDRs are Stable. Fitch has simultaneously affirme

One dollar-one euro by Thanos KalamidasWaiting for the weekend three south European countries, all eurozone members are getting ready for a series of new economic measures that lead to series of serious cuts and all three of them facing a common problem. From one side the cuts mainly t

Portuguese report by Euro ReporterPortugal's Tax Blunder The talk out of Portugal this week is that Prime Minister Pedro Passos Coelho has committed a serious political blunder in backing down on his proposed social-security ref

Italian report by Euro ReporterCEO to meet PM Monti about Fiat plans on Sept. 22Fiat boss Sergio Marchionne said he will not close car factories in Italy despite a plunging domestic market, responding to calls from unions and pol

Irish report by Euro ReporterPrice right for Ireland to step up market returnIreland's debt chief said last week that its return to markets ahead of schedule means it can be choosy about future issuance but the price looks

Greek report by Euro ReporterGreece needs two-year extension on fiscal pledgesGreece needs a two-year extension from its international creditors to meet fiscal pledges, and a liquidity boost from the European Central Bank, said

German report by Euro ReporterEngagement in Europe key for German economyGermany's Finance Minister Wolfgang Schaeuble told the country's parliament Tuesday that German economic growth is impacted by the cooling economie

French report by Euro ReporterFrance's Hollande Outlines Austerity Goals French President François Hollande on Sunday sought to brace the nation for its toughest budgetary effort of the past six decades, as he outlined

Finnish report by Euro ReporterFinland's Outokumpu to cut 100 jobs in general stainless unitFinnish stainless steel maker Outokumpu said it would cut around 100 jobs in its general stainless unit to save costs. Outokumpu said

Estonian report by Euro ReporterEstonia Reprograms First Graders as Web CodersPublic schools in Estonia will soon have a curriculum for teaching web and mobile application development to students as early as first grade. According

Dutch report by Euro ReporterNetherlands could do more to combat briberyWhile the number of prosecutions in foreign bribery cases is on the rise worldwide, the Netherlands has been only “moderately” successful in br

Cypriot report by Euro ReporterDebt to be sustainable after bank aidCypriot finance minister Vassos Shiarly said rescue funds Cypriot banks will receive for their recapitalization are unlikely to make the government’s debt

British report by Euro ReporterBritain rediscovers the art of coalitionEighteen months ago, a lapel microphone captured Nick Clegg joking with David Cameron that they might never find “anything to bloody disagree on”.

Belgian report by Euro ReporterBelgium shuts down nuclear power plantBelgium has temporarily shut down one of its seven nuclear power plants after the country’s atomic energy regulator discovered “several anomalies

Spanish report by Euro ReporterSpain's Bad Summer And the bleeding in Spain continues. The Spanish economy shrank 1.3% in the second quarter compared to a year earlier. Deposits totalling €74 billion left Spanish banks

Romanian report by Euro ReporterRomania parliament clears president's return to officeRomania's parliament accepted on Monday a court ruling to return the country's suspended president to office, drawing a line under a

Portuguese report by Euro ReporterShock at Portugal beach drowningsA five-year-old girl and her grandfather who drowned off a Portuguese beach after they were swept into the sea have been described as part of a happy and loving fami

Italian report by Euro ReporterItaly makes financial progress compared to last yearItaly’s financial situation has made progress compared with last year; the premier said Sunday, believing the country will eventually emerge

Irish report by Euro ReporterKenny addresses commemorationThe economic challenges facing Ireland are as great today as they were in the time of Michael Collins, Taoiseach Enda Kenny has told the annual Béal na mBláth

German report by Euro ReporterGermany's Merkel says committed to maintain EuroGerman Chancellor Angela Merkel said Thursday her country is committed to do what it can to maintain the euro and that European Central Bank Presi

French report by Euro ReporterRiots add to economic woes facing France's HollandeA massive police presence restored calm overnight on Wednesday to the French city of Amiens, where arson and gun attacks on police have added l

Finnish report by Euro ReporterPleased with Moody's confirmationFinland's finance ministry said Tuesday that it was "very pleased" with the confirmation of the country's AAA rating by Moody's Investors S

Estonian report by Euro ReporterEstonians vote for wind and biomass over nuclearWind power and biomass have come top of a poll in Estonia to find the public’s first choice of energy sources. The survey carried out by the Est

Dutch report by Euro ReporterThe Netherlands faces the politics of austerityThe Dutch have long been one of the eurozone's and the EU's most reliable members. Since the introduction of the euro in 2000, the country has

Danish report by Euro ReporterLong-time leader of Denmark’s populist party to resignThe long-time leader of the populist Danish political party that pushed some of Europe’s strictest immigration policies says she wil

Cypriot report by Euro ReporterNicosia and Limassol home price falls acceleratingProperty prices for buyers may be down but so are rents on apartments, warehouses and offices, the latest figures show. The latest index from the Ro

Austrian report by Euro ReporterControversy as Austria plans to deport 1,000 NigeriansA controversial agreement between the Federal Government of Nigeria and the Austrian government, allegedly signed last week, to deport 1,000 Nig

Maltese report by Euro ReporterTransport Malta calls on Labour Party to remove 'dangerous' billboardsTransport Malta has filed a judicial protest calling on the Labour Party to remove billboards which it

Italian report by Euro ReporterItaly shakes off downgrade, but fears mountItaly dodged a potentially unlucky Friday the 13th, easily selling a batch of new three-year bonds in a closely-watched auction that came just hours after

Irish report by Euro ReporterIreland to unveil stimulus packageDublin is to unveil a multibillion euro stimulus package later this month in an effort to kickstart its flagging economy and curb unemployment as it presses the eur

The Finnish legitimacy and the global ethic by Thanos KalamidasThe Finnish Finance Minister Jutta Urpilainen for one more time is rolling her sleeves and getting ready for collateral negotiations, this time with Madrid all in the name of the Finnish people and the European unity. and Jutta is just the obvious

Greek report by Euro ReporterNext task: raise €15 billion in privatizationsGreece collected less than €1 billion Euros ($1.2 billion) in revenues from privatizations over the last three years. The new Greek governme

German report by Euro ReporterGerman finance minister asks high court not to delay Euro measuresThe German finance minister, Wolfgang Schäuble, warned on Tuesday of severe consequences for the euro currency union if his cou

French report by Euro ReporterUproar in France over tapes of terrorism suspectFrench authorities are investigating how recorded conversations between police and a young man accused of a terrorist rampage earlier this year were l

Finnish report by Euro ReporterFinland refuses to pay for other countries' debtFinland has no intention of footing the bill to cover the debt of other countries in the eurozone, Finnish Finance Minister Jutta Urpilainen said

To have the Euro-cake and not pay it too by Thanos KalamidasThe European leadership met in Brussels and they decided that they have to decide; period! The American president Barack Obama has lately often shown his disappointment to his fellow European leaders regarding their lack of drastic decisions and P

Estonian report by Euro ReporterEstonia Concerned by NATO Spending CutsEstonia is worried over defence spending cuts by NATO member states, President Toomas Hendrik Ilves said on Wednesday. “Allied spending, required to main

The second Greek elections, June the 17th, 2012 by Christos MouzevirisIt just happened this year for me to be in Greece during the last three weeks before the elections; for some, they were the most important and critical elections of the country's recent history. The importance of the elections, gave them a ref

Euro-report by Euro ReporterMarket relief fades at Greek election resultsReaction to the Greek elections in financial markets followed a familiar, disconcerting pattern on Monday as early relief gave way to renewed anxiety abo

Strike if you will, but hear first by Thanos KalamidasA month ago and while the Greek people were literally heading to vote I wrote an editorial in Greek reminding my compatriots what has happened the last thirty years and what should be in front of them. This time and while for one more time with ju

The road to hell is paved with euro intentions by Thanos KalamidasCrying wolf is the most often used story with an educational end for centuries, but I’m afraid the last couple of years the domino effect is the contemporary European wolf with the very bad end. And just like with the little shepherd everybo

Belgian report by Euro ReporterSpanish Rescue Could Weigh on Belgian Debt - ReportBelgian Finance Minister Steven Vanackere said Monday the rescue of Spanish banks could add to Belgium's indebtedness if it wasn't carried

Austrian report by Euro ReporterAustrian defence minister says military to use unarmed surveillance dronesAustria’s defence minister says his country plans to buy surveillance drones for use at home and abroad. Defence Minis

Spanish report by Euro ReporterSpanish leader gives up no-bank bailout mantraSpain's Prime Minister appeared Thursday to have abandoned his insistence that the country's troubled banking sector will not need an external b

Portuguese report by Euro ReporterPortugal’s asset sales draw foreign bids, boutique firmsThe factors forcing Portugal to seek a bailout in 2011 have triggered a wave of mergers, acquisitions and government disposals in the co

Italian report by Euro ReporterRed Brigades calls for renewed violenceA letter purporting to be from Italy's radical left-wing Red Brigades called on Friday for new attacks against politicians, bankers and reporters, just day

Greek report by Euro ReporterAnti-bailout party extends lead in GreeceA left-wing party that opposes Greece's international bailout agreements has extended its lead ahead of next month's election, according to a new pol

Who's playing chicken? by Thanos KalamidasThe last few days I read an article about the situation in Europe nowadays and how things are going between Merkel, Hollande and the new Greek political reality and the whole thing was described as playing chicken in many levels and deferent table

Irish report by Euro ReporterFostering people Ireland announces recruitment eventsFostering People Ireland, the non-statutory Dublin-based fostering agency, has announced two upcoming events aimed at recruiting more carers to h

Greek report by Euro ReporterGreece’s Tsipras appeals to German taxpayers for help in crisisGreece’s Syriza party leader Alexis Tsipras appealed to German taxpayers to help Greece grapple with economic and fiscal cr

German report by Euro ReporterMetal workers’ 4.3% pay settlement seen setting Benchmark
A 4.3 percent pay increase for German metal workers doesn’t pose an inflation threat even as it sets a precedent for other industr

French report by Euro ReporterHollande to make Eurobond proposals at EU summitFrench President Francois Hollande said on Saturday he would make proposals for eurobonds at an upcoming European summit as he outlines his ideas to s

Estonian report by Euro ReporterNot to retroactively cut green subsidiesThe Estonian government has vowed that it will not look to lower subsidies to renewable-energy producers retroactively, during a question-and-answer session i

In the name of democracy please be democratic by Thanos KalamidasGreece is set for new elections and somehow I have the feeling that in these elections is not only Greece that tests democracy but the whole Europe and in a strange déjà vu – especially regarding the European aspect of the Greek el

Cypriot report by Euro ReporterCyprus president Christofias says he won’t run for second term, cites stalled peace talksCyprus President Dimitris Christofias says he will not seek re-election for a second term because there

Belgian report by Euro ReporterWaterloo battle site gets a faceliftAlmost 200 years after the French cavalry charge at Waterloo, bulldozers rolled into action Wednesday to spruce up the memorial site of the battle that humbled Na

French Greek report by Euro ReporterFrance's Francois Hollande changes the mix in EuropeWith Francois Hollande's election as France's first Socialist president in 17 years, Europe now must deal with a major leader who has promised to push a different

Europe for the people and not people for the Euro by Thanos KalamidasIn the next twenty-four hours two European counties will deal with critical elections. The schizophrenic with those two cases is that the result of those elections will influence in many ways – not always similar – their internal situa

French report by Euro ReporterSarkozy set for defeat by socialistFrance holds its presidential runoff election Sunday, with Socialist challenger Francois Hollande expected to defeat incumbent Nicolas Sarkozy. The latest opinion

Spanish report by Euro ReporterSpain meets bond auction target as French borrowing costs fallSpanish bonds gained after the Treasury met its target at a debt sale, while French costs declined at an auction, easing concern that th

Portuguese report by Euro ReporterWe tried stimulus and it didn’t workDefending austerity is not getting any easier for Europe’s politicians. And Vitor Gaspar, Portugal’s finance minister has it harder than others.

Maltese report by Euro ReporterMalta needs a secular ConstitutionThe Malta Humanist Association (MHA) expressed its concern at the direction which the President's forum for constitutional reform appears to be taking. At a public session of the forum las

Luxembourg report by Euro ReporterPosh restaurants and free clubbing in the party cityLuxembourg City may not be an obvious weekend break destination, but with free entry to clubs and an all-night party bus, it's letting its hai

Italian report by Euro ReporterDeficit goals in line with EU rules-documentItaly's revised growth and budget targets are consistent with a balanced budget in the medium term and creating a "sizable" primary surplus to cut the country's mas

Irish report by Euro ReporterBanks still a worry as troika review startsIreland faces its sixth review under its bailout program as the euro-zone’s best hope for a successful return to the international bond markets following a bailout. As yields on

Greek report by Euro ReporterElections in May will not solve the country’s many crises nor heal disunityLike most Greek tragedies, the current political and economic crisis playing out in Greece today is not likely to have a happy ending. On Wednesd

German report by Euro ReporterNew path to bridge culturesOver the last 35 years, Michael Kahn-Ackermann has witnessed the remarkable changes and strong economic resurgence of China. Now Kahn-Ackermann, has stepped away from a long and illustrious career as

French report by Euro ReporterSecond-chance schools give hope to unemployedWhen he ran for the French presidency in 2007, Nicolas Sarkozy pledged to open more "second-chance schools" for young people without qualifications. "I came back beca

Finnish report by Euro ReporterFinland to raise VAT but opts for modest budget cutsFinland, seeking to retain its triple-A credit rating, will raise VAT in 2013 but has opted for modest budget cuts in the next few years after the government bowed to pressure from left-leani

Estonian report by Euro ReporterCentral bank plans to raise reserves to cut ECB risksEstonia’s central bank said it must boost reserves by 3 1/2 times in the long term to reduce the risks of participating in European Central Bank measures to tackle the

Dutch report by Euro ReporterDutch Cabinet crisis resolved, central bank president urges haste on new austerity packageThe Dutch Cabinet returned to negotiations Thursday on new spending cuts to bring the budget deficit within European guidelines, a day a

Cypriot report by Euro ReporterPartition no option for CyprusGreek Prime Minister Loukas Papademos stated that partition is no option for Cyprus, reiterating that a solution must be in line with UN decisions and provide for a bizonal bicommunal federation w

Belgian report by Euro ReporterFive Sisters latest additions bearing up nicely Three circus bears rescued from homelessness in Belgium are ‘bearing up’ nicely as they settle in to their new home at the Five Sisters Zoo. Carmen, Suzy and Peggy ar

Austrian report by Euro ReporterAustria rejects bank bonds backed by rescued Euro membersThe Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union an

Spanish report by Euro ReporterSpain’s pain is not the solutionSpain’s economy, and the euro, are more at risk now than a week ago. This assertion certainly runs counter to general market impressions. The euro remains resilient and Spanish yield

Portuguese report by Euro ReporterChanges in Portuguese motorwaysAuto Europe's strong commitment to providing the best service to our clients also means making our best to keep them informed of any changes in legislation that may impact their holidays. If

A continent ruled by fear by Thanos KalamidasExcept some Italians I presume nobody else has missed Berlusconi and his schizophrenic policies but how Europe will look without Nicolas and Angela that’s a whole new story. And perhaps among other things Berlusconi entertained us occasional

Irish report by Euro ReporterIreland back in recession as economy shrinks in Q4Ireland dropped back into recession at the end of 2011, government statisticians reported Thursday in a worrying sign for the country's efforts to emerge from an internatio

Greek report by Euro ReporterSocialist party changes leadersGreece’s finance minister, Evangelos Venizelos, formally assumed the leadership of the beleaguered Socialist Party on Monday, saying he would strive to put the country back on the path to e

German report by Euro ReporterActivist pastor elected German presidentActivist pastor Joachim Gauck was elected German president by an overwhelming majority Sunday, marking the first time a candidate from the former communist east will be head of state. Ga

French report by Euro ReporterIn Europe’s capitals, a muted debate about taxes and spendingThe Socialist candidate in France’s presidential election, Francois Hollande, promised recently that if elected he would impose a whopping 75 perce

Finnish report by Euro ReporterFinland shakes up Finnair board to defuse governance scandalThe Finnish government Thursday said six of eight board members of Finnair Oyj (FIAS.HE) must quit after they concealed a EUR180,000 sign-on bonus for its chief execu

Irish report by Euro ReporterExpert group on abortion ruling to report by JulyThe expert group tasked with making recommendations on implementing a European Court of Human Rights ruling on abortion will report to the Government by July, Ireland’s am

Estonian report by Euro ReporterEstonia backs collective-agreement changes after union protestsEstonia approved legal changes to make it easier for employers to terminate collective agreements even after trade unions objected. Lawmakers voted 53-40 to back a

Dutch report by Euro ReporterDutch Labour party threat to fiscal pactBoth of the frontrunners for the leadership of the Dutch Labour party have said they will vote down the eurozone fiscal pact in parliament if the Netherlands’ conservative governme

Cypriot report by Euro ReporterCyprus belongs to the Cypriots and to no one elseCyprus belongs to the Cypriots and to no one else, President Demetris Christofias stressed Thursday commenting on statements by Turkish Minister of EU Affairs and Chief Negotiat

Belgian report by Euro ReporterBelgian minister vows to resist 'ultra-liberal' CommissionBelgium's enterprise minister Paul Magnette criticised the European Commission for being "too tough" on his country and pleaded for more "mar

Spanish report by Euro ReporterSpain warns it will miss 2012 deficit targetSpain's prime minister said Friday that his recession-ridden country will miss its deficit goal for this year, risking sanctions from the European Union. The announcement came as

Portuguese report by Euro ReporterPortugal passes bailout review by 'troika'Portugal passed the third review by the European Union and IMF of its 78-billion-euro bailout programme on Tuesday and the country's finance minister said it would not end

The "lazy" Greeks myth... by Christos MouzevirisFrom the start of this crisis, the global media started a slander campaign against Greece, calling the Greeks lazy and corrupt. The saddest thing about this, is that even Mr. Papandreou the former elected Prime Minister of the country, was one

Italian report by Euro ReporterItaly’s Cabinet reveals financial informationItaly’s Cabinet ministers have posted a raft of financial information online in a show of transparency sought by Premier Mario Monti as he pushes through tough austerity

Piss of our time by Thanos KalamidasI presume not many of the Ovi readers remember Neville Chamberlain waving the Munich Agreement but I suppose many have read about the glorious moment the British Prime minister on his return from meeting Hitler weeks before the beginning of the WW

Irish report by Euro ReporterIreland raises asset sales target to 3 bln EurosThe Irish government raised its target for the sale of state assets to 3 billion Euros ($4 billion) on Wednesday, unveiling a final list of utilities set to go on the block heade

Greek report by Euro ReporterGreece may be allowed higher debt level in bailout accordGerman Finance Minister Wolfgang Schaeuble said Greece may be allowed to run a higher debt in coming years than envisaged so far as part of the second international aid

German report by Euro ReporterPresident quits in scandal over favoursGermany's president resigned Friday in a scandal over favours he allegedly received before becoming head of state, and Chancellor Angela Merkel moved quickly to try and head off a dom

French report by Euro ReporterSarkozy launches presidential electionPresident Nicolas Sarkozy formally declared his candidacy for a second term Wednesday seeking to overturn a wide poll lag with promises to get the unemployed back to work and use referendu

Dutch report by Euro ReporterDutch authorities start probe into hacker attack at KPNDutch authorities began probing a hacker attack at Royal KPN NV after the phone company temporarily blocked e-mail accounts of about 2 million clients because confidential

Cypriot report by Euro ReporterCyprus Government debt reached 67.5%According to a Euro-stat news release, the Cyprus debt to Gross Domestic Product (GDP) ratio reached 67.5% in the third quarter of 2011, compared with 59.9% in the same quarter of 2010; an i

Belgian report by Euro ReporterBelgium Slides into RecessionBelgium's economy fell back into recession at the end of 2011, reversing the strong growth it had seen in the first half of the year as the country became the latest to fall victim to the euro

Austrian report by Euro ReporterAustria leads European gas-price surge as Russian supply dropsAustrian natural gas jumped by more than a third this week as Russian flows declined and freezing weather left about 250 people dead across Eastern Europe. Gas for

Spanish report by Euro ReporterEconomy shrinksSpain’s economy shrank in the fourth quarter, pushing the country toward its second recession since 2009 and undermining government efforts to narrow the budget deficit. Gross domestic product fell 0.3 per

Portuguese report by Euro ReporterPortugal is beating the headwinds The financial crisis has forced Portugal to confront a number of longstanding imbalances in its economy. No country desires an adjustment program, but once in place it should be embraced as an

Maltese report by Euro ReporterGonzi faces confidence vote that may derail deficit cutsMaltese Prime Minister Lawrence Gonzi faces a no-confidence vote in parliament that could bring down the government and undermine his efforts to trim the deficit and shie

Luxembourg report by Euro ReporterFincl tax for euro-zone only is bad ideaLuxembourg Finance Minister Luc Frieden said Tuesday implementing a financial transaction tax only in the euro zone is a bad idea. "It's a bad idea because it would have the eff

Italian report by Euro ReporterItalian cruise death toll rises to 13The death toll from the Costa Concordia shipwreck has raised to 13 after divers found the body of a woman in the stern of the half-sunken cruise ship. Civil Protection services Chief Franco

Irish report by Euro ReporterApologise for remarks on exilesThe row over Michael Noonan’s remarks about emigration continued yesterday, with Sinn Féin calling on the Minister for Finance to apologise for saying it was a lifestyle choice. Mr Noo

My ideal future economic model for Europe! by Christos MouzevirisOur leaders are debating, going to summits trying to find a solution for the current economic crisis. They want to decide which way forward, what to do to save the euro and the European economy. The citizens are looking up to them desperately,

Greek report by Euro ReporterWatch the Greeks, not the agenciesWhile the big headlines over the weekend were about S&P's downgrades of European countries, the more worrying news came from Greece, where talks on a debt deal broke up. While I am not

German report by Euro ReporterGerman five-, 30-year yields drop to records on Europe crisisGerman bonds gained this week, with five-year and 30-year yields falling to records, as government officials said Standard & Poor’s may lower the credit ra

French report by Euro ReporterFrance to pursue reforms after downgradeFrance's prime minister said Saturday his country will push ahead with cost-cutting measures after its top-tier debt rating was downgraded, a blow with repercussions across financial

Finnish report by Euro ReporterS&P will not cut top-rated FinlandRatings agency Standard & Poor's will not downgrade top-rated Finland in a euro zone-wide move expected later on Friday, a senior euro zone official said. "Finland is not amon

Euro-zone and Herman's poems by Thanos KalamidasI’m afraid all the New Year resolutions about the European economy failed but I bet all Merkel’s resolutions about the German economy are going to succeed and this covers the economic situation in Europe for the glorious year 2012. By

Estonian report by Euro ReporterEstonian Wikipedia makes case for tax exemptionEstonian Wikipedia is suing the government because of changed rules that deny Wikipedia tax exemption status as a non-governmental, philanthropic organization. "A few years a

Dutch report by Euro ReporterLawmaker urges Dutch to apologize for WWII Jewish deportationsOutspoken Dutch lawmaker Geert Wilders called on the government Wednesday to apologize for the country's "passive" response to the mass deportations o

Quo Vadis Euro? by Thanos KalamidasDid you know that Euro reached its ten years mark? I suppose between announcements that the euro-crisis is deepen, calls for unity and predictions that in the next three months the euro-zone will count one less state you might have missed the fire

Belgian report by Euro ReporterPrepared to take additional anti-crisis measuresBelgium is prepared to take additional measures to combat its crisis, Prime Minister Elio di Rupo said in a New Year's address. "The aims of the new government is to com

Austrian report by Euro ReporterAustrians brace for harsh health reformKarlheinz Kopf said he was currently trying to convince the Social Democrats’ (SPÖ) debt brake negotiators that there was a savings potential of 1.8 billion Euros until 2017. S

German report by Euro ReporterSolar power production surges 60 of total electricity supplyGermany’s solar energy output surged 60% to 18 billion kilowatt-hours (kWh) in 2011, accounting for more than 3% of national electricity generation, national in

French report by Euro ReporterFrance and Germany still dividedTwo landmark speeches in two days were supposed to highlight France and Germany's determination to bring about a resolution to the euro crisis. Instead, they have highlighted how divided Fra

Euro-report by Euro ReporterIn the grip of a financial coupIt is clear that the European Union cannot summon the political will to stand up to the markets and resolve the crisis. Until now the lamentable behaviour of European leaders has been blamed on t

Danish report by Euro ReporterDenmark divided on EU’s fiscal pact as presidency approachesPrime Minister Helle Thorning- Schmidt, who vowed to fight for European unity when Denmark takes over the bloc’s presidency next month, is battling a spli

Cypriot report by Euro ReporterBritain to keep bases in CyprusBritain will retain both its military bases in Cyprus following the completion of a review of their operations by Lord Ashcroft, its Defence Secretary Philip Hammond said yesterday. The news will

British report by Euro ReporterBritain 'to send experts to eurozone crisis talks'Britain will send experts to eurozone talks on new rules to save the single currency union after London rejected new EU measures on budget discipline, Poland said on Fr

Belgian report by Euro ReporterBelgium has gay prime ministerFrench-speaking Socialist Elio di Rupo has become the first out gay leader in the European Union, having been elected the premier of Belgium, according to the Wall Street Journal. Di Rupo, 60, is

The big fat European mess by Thanos KalamidasReading the latest news about the euro-crisis I came with the conclusion that now more than ever Europe is in need of a psychologist and not an economist. Let me give you an example, last week the Finnish minister for European affairs Alexander St

Portuguese report by Euro ReporterPortugal says it will ‘definitely’ meet 2011 deficit limitPortugal will “definitely” meet its budget-deficit limit for this year after including the transfer of banks’ pension funds to the state,

Irish report by Euro ReporterIreland to extend bank guaranteeIreland has no choice but to extend its state-guarantee to depositors and bond holders for six broken banking groups and subsidiaries because market funding for the lenders remains "fragile

Italian report by Euro ReporterItalian unions uneasy over economic rescue planThe Italian government's financial rescue plan is yet to be finalized, but already labour unions are denouncing it and some politicians are suggesting they might not back all

Angela, do you feel nervous tonight? by Thanos KalamidasIt really made me smile the latest demand from The “True” Finns* party, the far-right xenophobic Finnish party, for the government to put a price on exiting Euro and the eurozone. And that only days since the minister for the European

Greek report by Euro ReporterGreece sees rise in homeless rateGreece is faced with a growing homeless rate as the new interim government of Lucas Papademos continues to struggle with the country's economic crisis. Since the 2008 onset of the economic

German report by Euro ReporterPolice battle with 1000s blocking nuke trainThe convoy taking the German waste on a 1,200-kilometre (750-mile) journey from a reprocessing centre in north-western France to a storage facility in northern Germany was stopped fo

Patronizing democracy in the name of a strong euro by Thanos KalamidasI was amazed to read that the European Economic and Monetary Affairs Commissioner Olli Rehn asked for more cooperation among the Italian members of parliament while visiting Rome last week and it made me wander if the Finnish politician is familia

French report by Euro ReporterFrance working towards greater EU integration French Budget Minister Valerie Pecresse said Sunday that France was working to change European Union treaties in a bid to further consolidate the euro zone. "The idea is to co

Finn report by Euro ReporterFinland to destroy its landmines after MPs approve banFinland will destroy its stockpile of a million landmines by 2016 after parliament voted on Friday to ban the use of the anti-personnel devices, paving the way for the coun

Estonian report by Euro ReporterLong-term overdue loans ease in OctLoans and leasing payments more than 60 days overdue in euro zone member Estonia's banking system eased to 5.7 percent of the total loan portfolio in October compared to a revised 5.9 per

Dutch report by Euro ReporterGreenpeace is damaging Holland's reputationEnvironmental organisation Greenpeace has gone too far so often that the government should look into expelling it from the Netherlands, Richard de Mos, an MP for the populist PVV.

Danish report by Euro ReporterSecurity service warns of extremist violenceExtremists from both the right and left of the political spectrum have become more inclined to use violence and more professional in their quest to carry out attacks, the Danish secu

Cypriot report by Euro ReporterEnergy firm estimates field off Cyprus holds 3-9 trillion cubic feet of natural gasA top official with United States firm Noble Energy said on Tuesday that a field it is conducting undersea exploratory drilling in off the coas

British report by Euro ReporterRising jobless rate blamed on euro debt crisisBritain’s youth unemployment has broken through the 1 million mark to reach a record level as the country's wider unemployment rate has climbed to a 15-year high. The gov

Belgian report by Euro ReporterBelgium to double nuclear taxNegotiators forming Belgium's coalition government have agreed to double the tax on nuclear generation to Eur550 million ($745 million) and require dominant power firm Electrabel to make availa

Sacrificing the Europeans like PIGS by Thanos KalamidasAmazingly the German chancellor, Angela Merkel declared in her party’s conference that leaving Europe to collapse is something unthinkable while she among the rest of the European leadership leave Europe to slip away. And they doing that the

Spanish report by Euro ReporterSpain seen as next eurozone victim by analystsSpain may be the next victim of bearish investors in the eurozone bond markets because of its difficulty in meeting deficit reduction targets, weak economy and struggling banks, ac

Portuguese report by Euro ReporterPortugal doesn't need bailout funds boostPortugal, one of three eurozone countries to receive an EU-IMF bailout, does not need more money to address its debt burden, eurozone chief Jean-Claude Juncker said Wednesday. EU, I

The kiss of Death for the Euro, or a bluff? by Christos MouzevirisSo after months of just announcing to the Greek public new cuts, new austerity measures and the worsening state of Greece's economy, here comes a bomb from the country's Prime Minister! Mr. Papandreou decided to give the Greeks a refere

Italian report by Euro ReporterItaly protesters rally against BerlusconiTens of thousands of demonstrators have gathered in Rome Saturday to voice their opposition to the government of Italian Prime Minister Silvio Berlusconi and its reforms. Many of the pr

Latvian report by Euro ReporterLatvians in language voteSignatures are being collected in Latvia in support of the demand that the Russian language be given an official status in this former Soviet Baltic republic. The Central Elections Commission ordered t

In the mind of Papandreou's loaded gun by Thanos KalamidasTwo years ago and while the Greek economic crisis was reaching one of her peaks, with Mr. Papandreou trying to handle his first days as prime minister in front the disastrous situation, in a speech for the Greek parliament he said that there is al

Italian report by Euro ReporterItaly at heart of euro crisis as borrowing costs soarItaly’s borrowing costs jumped to record levels on Friday, underlining its vulnerability at the heart of the eurozone debt crisis and scepticism about whether the stru

Irish report by Euro ReporterPoet Higgins elected Ireland's ninth presidentIrish poet and human rights activist Michael D. Higgins was officially confirmed as his country's ninth president on Saturday after winning nearly 57 percent of the vote in

The Greek haircut and the skin-headed Euro-zone by Thanos KalamidasThe last twenty-four hours the euro-zone leaders reached one more – major according to them – plan to manage the euro-zone crisis and I’m sorry if one more time I might sound cynic but this “one more time” somehow hol

Greek report by Euro ReporterGreece vows to build on EU deal, people scepticalGreece vowed to press ahead with economic reforms on Thursday to capitalise on an EU deal to slash the country's debt, despite anger among its citizens at the prospect of ye

German report by Euro ReporterGermany approves boosting of EU’s bailout fundAnother EU leaders’ summit has kicked off in Brussels aimed at taking concrete steps to deal with the Eurozone debt crisis. Ahead of that, German legislators agreed to

French report by Euro ReporterEyes more belt-tighting as election loomsWith France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a pre

New lords to replace the old kings by Newropeans-MagazineExported by the Europeans, or more exactly by the "Eurolanders", Spaniards, Portugese, French, Greeks, Germans,... all citizens of the Eurozone, because they perfectly understood that the starting point of all this mess is oversea, the

Cypriot report by Euro ReporterCyprus promises 'fully-fledged' EU PresidencyCyprus’ EU Presidency will be a “fully fledged presidency” and Nicosia will not allow the Cyprus problem to jeopardise its role, Deputy Minister to the Pre

The Greek economic genocide by Thanos KalamidasThis week is going to be very critical one in Greece with demonstration literally putting in a standstill everything from transportation to schools, public and private sector. And this minute probably demonstrators flood the centre of Athens and m

Belgian report by Euro ReporterHopes for 6-party coalition governmentBelgium's prime minister-designate announced Thursday he will seek a six-party coalition to end a political impasse that has lasted nearly 500 days, a record for a country to go withou

Spanish report by Euro ReporterHealth service chokes as austerity tightensSpain's treasured public health care system has become the latest victim of the euro zone debt crisis. "We haven't been paid, but there's nothing we can do about it.

Portuguese report by Euro ReporterPortugal faces strong restrictions on financingThe Portuguese economy is having trouble obtaining financing, with banks relying on the European Central Bank and the government tapping bailout funds, Finance Minister Vitor Gasp

Polish report by Euro ReporterTo oppose EU-wide shale gas policy?The Polish Institute of International Affairs report, presented at the EP's energy committee this week, concludes that, "because of the complexity and breadth of this debate, it seem

Would today's European leaders become Europe's undertakers? by Giorgos KontogiannisHandelsblatt, one of the most reliable financial newspapers in Germany, describes the Greek exit from the Eurozone and its consequences on the European currency. The whole article resembles to a science fiction scenario. It actually mentions th

Italian report by Euro ReporterBusinessman buys space to deride politiciansA prominent Italian businessman bought space in newspapers on Saturday to attack Italy's political class, adding to a swell of criticism of the government's failure to pass m

Irish report by Euro ReporterIreland considers using new E.U. fund tooIn Ireland’s Finance Ministry, officials are engineering a manoeuvre that may make the difference between default and financial survival. The impetus for the plan is the cost of b

Greek report by Euro ReporterGreece urges Turkey to be calm on Cyprus drillingThe Greek prime minister spoke to his Turkish counterpart on Monday, calling for calm in a dispute over gas exploration off Cyprus that has widened the island’s Greek-Turk

German report by Euro ReporterAt war over eurozone bail-outEuropean officials have confirmed that discussions are afoot to boost the eurozone bail-out fund's firepower as part of a grand plan to contain the region's sovereign debt crisis in Greece.

French report by Euro ReporterChirac protests innocence in absentiaFormer French president Jacques Chirac gave an impassioned defence of his morals on Friday in a statement read out by a lawyer during his trial over the misuse of public funds when he was m

Finnish report by Euro ReporterFinland Keen to Expand Ties with IranFinland's Foreign Minister Erkki Sakari Tuomioja voiced his country's willingness to boost ties and cooperation with Iran in different fields. The issue was raised by the Finnish Fo

Dutch report by Euro ReporterDutch FinMin warns of tough 2012, won't rule out more cutsThe Dutch finance minister warned on Tuesday that 2012 would be a tough year as he refused to rule out extra budget cuts in coming years and called for tougher sanc

Danish report by Euro ReporterThe unlikely Social Democrat A little after midnight last Thursday, when all but the last of the ballots had been counted, a tall, thin, blond woman in her mid-forties strode smilingly up on a stage in Copenhagen to acknowledg

Cypriot report by Euro ReporterCyprus fuel search row heats up A row between Cyprus and Turkey over hydrocarbon reserves in the Eastern Mediterranean escalated to near-crisis levels Friday as Greece, a traditional ally and European Union partner of Nicosia,

When the domino effect became the boomerang effect by Thanos KalamidasThanks to the Euro-crisis the last few months we all learned the term “domino effect” but now a new term raises the “boomerang effect” and let’s see how painful it will be the way and how long it will take to memorise

Belgian report by Euro Reporter450 days after election, still no governmentBelgium hit a new milestone Monday — 450 days without a government — but still no one appears to be in any big hurry to resolve the situation. Europe's financial cris

Spanish report by Euro ReporterNext PM bares his soulMariano Rajoy, who is likely to become Spain’s next prime minister, has made a number of intriguing revelations in his memoirs, strategically released just a few weeks ahead of the general election

Slovakian report by Euro ReporterExtend bail-out fund’s powersSlovakia’s cabinet on Wednesday approved extending the powers of the European bail-out fund. It now faces a fight in getting the measures approved by parliament because of the oppositio

Portuguese report by Euro ReporterBanks' ECB borrowing up 4 pct in AugustPortuguese banks' borrowing from the European Central Bank rose 4 percent last month from July, as institutions in one of the countries bailed out in the euro zone debt crisis rem

Italian report by Euro ReporterBerlusconi hangs on amid cuts and sex sagasSilvio Berlusconi’s exasperated denunciation of Italy as “this shitty country”, emblazoned across newspapers on Friday, may yet haunt the corridors of Brussels and Frankfurt, judging

Irish report by Euro ReporterMortgage arrears worsenIrish residential mortgages in arrears or restructured due to financial distress rose 10 per cent in the second quarter from the previous three months, heaping pressure on the government to come up with

Hungarian report by Euro ReporterJobless rate unchanged 10.8%Hungary's average unemployment rate was 10.8% in the 15-74 age groups in May-July 2011, unchanged from 10.8% in April-June and down from 11.0% in May-July 2010, the Central Statistics Office (KS

Greek report by Euro ReporterWhen Will Greece Say 'Enough Is Enough'?EU leaders yesterday rounded on the new Head of the IMF calling her comments on Europe 'misguided'. Christine Lagarde's assessment is certainly stark. The former Fren

Now we know why Brussels is the centre of EU by Thanos KalamidasI have to admit that it took me a bit but now I understood why the European leadership was so eager for the Belgian Herman Van Rompuy to become the president of the Union. They vision a European future similar to the one Belgium enjoys this min

German report by Euro ReporterEuro bail-out in doubt as "hysteria" sweeps GermanyMrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country's constitutional co

French report by Thanos KalamidasDominique Strauss-Kahn sexual assault case dismissed, appealedA New York judge dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn on Tuesday after prosecutors lost faith in the credibility

Finnish report by Euro ReporterRehn rejects option to lead FinlandOlli Rehn, the European Union’s top economic official, has decided not to leave the post and run for president of Finland. He announced on Sunday he did not believe he should leave in t

Estonian report by Euro ReporterSpirituality in Estonia - the world's 'least religious' countryWhen Estonians were recently asked whether religion played an important part in their life, only 20% said yes. It suggests the Baltic country is, stati

Eurobonds..: Nein, danke !!! by Christos MouzevirisAt last, with the crisis in Europe and the eurozone reaching a critical turning point, two of Europe's leaders Mr. Sarkozy and Mrs. Merkel decided to do something about it. But why just the two of them took such important decisions? And some l

Dutch report by Euro ReporterPirate radio crackdownThe Netherlands has been a hotbed of unlicensed radio activity for decades. Dutch stations like the storied Radio Veronica, which broadcast off-shore from 1960 to 1974, inspired the UK pirate radio scene

Cypriot report by Euro ReporterTensions mounting in Cyprus over Oil, gas exploration plansTensions are mounting between the Cyprus and Turkey over the island nation's plans to begin oil and gas exploration in the eastern Mediterranean Sea. Drilling is s

Belgian report by Euro ReporterMuslim face veil fine paid off by French businessmanRachid Nekkaz, a French businessman, travelled to Brussels to settle the 50 euro fines handed out to teenagers aged 16 and 17. It has been illegal to wear the face veil or

Let's talk about economic governance Nicolas and Angela by Thanos KalamidasDeep breathe, one – two – three; another deep breathe. They must be joking, aren’t they? After spending a couple of hours drinking strong German coffee and enjoying croissant with a bit of jam from Normandy Angela Merkel and Nico

Austrian report by Euro ReporterGrowth of Austria s economy remains highThe growth of Austria's economy remained high in the second quarter of 2011. Despite the sombre mood among Austrian businesses due to stock market turbulences, the rise in the GDP cl

Portuguese report by Euro ReporterSoros suggests Greece, Portugal quit euro-zoneGeorge Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts.

Spanish report by Euro ReporterBillionaire Spanish Duchess of Alba, 85, gives away fortune to marrySpain’s 18th Duchess of Alba is giving away her personal fortune so she can marry a Spanish civil servant, 25 years her junior. With thousands of acres

Portuguese report by Euro ReporterBanks' ECB borrowing little changed in JulyPortuguese banks' cumulative borrowing from the European Central Bank was virtually unchanged last month from June, as banks' access to the wholesale interbank funding mar

Italian report by Euro ReporterItaly approves draft law banning burqa Italy's parliamentary commission has approved a draft law banning women from wearing veils that cover their faces in public. The draft law was sponsored by Souad Sbai, a Moroccan-born

Irish report by Euro ReporterIreland set to 'overachieve' on EU-IMF deficit targetsIreland has met or “overachieved” in implementing the terms of the EU-IMF bailout, Minister for Finance Michael Noonan has said in a letter to the two i

The failure of national governments by Newropeans-MagazineThe EU is good at crises, is what the past tells us. If that is true, hopefully this eurocrisis triggers a new round of deeper EU integration, or better, eurozone integration. This time, unlike before, the member state governments cannot es

German report by Euro ReporterInterior minister sees no sign of far-right terrorism in GermanyGermany’s top security official is saying after the deadly attacks in Norway that there are no signs of any far-right terrorist activity in his country. A N

French report by Euro ReporterSarkozy approval rating at 11-month high: pollPresident Nicolas Sarkozy's approval rating continued to rebound ahead of a 2012 election, a new poll found on Saturday, vaulting France's centre-right leader to his highes

Finnish report by Euro ReporterNuclear power is in last place in the race against climate changeThe fight against climate change is a race against time. If we are to avoid the catastrophic consequences of rising global temperatures then strong and meaningfu

Too much ...too late by Thanos KalamidasSo that was it, the Euro-zone leadership at last decided that the economic measures in Greece were going to doomed the Greek people without any hope for recovery decided to lighten a bit the rope around their neck and they all sighed in unison bec

Greek report by Euro ReporterGreece to default as EU agrees €159bn bailoutGreece is set to lead the eurozone's first-ever default as European leaders agreed that the private holders of Greek debt will take a hit of €50bn over three years.

Estonian report by Euro ReporterEstonian wind farm taps GE for turbinesEstonian wind energy providers this week tapped GE for 18 turbines to outfit what will be one of the biggest wind farms in the Baltic region. The state-owned electric utility Eesti Energi

Dutch report by Euro ReporterDutch telecom hikes rates after net neutrality law The Netherlands' largest telecommunications company announced big price hikes for mobile Internet customers on Tuesday, less than a month after Parliament approved one of

Urgent need for an International Court for Global Financial Crimes by Newropeans-MagazineWe have been hit by the financial crisis. This financial and monetary crisis constitutes an imminent breakdown of the system that keeps the real economy running. And this crisis is responsible for the destabilization of whole nations as far as

Merkel's master plan and europe by Thanos KalamidasIn a way it saddened me reading Professor Paparella’s articles about the European Unity and its foundations or at list the hopes and the dreams for a federal Europe that will include all the European states with common ground not only their

Cypriot report by Euro ReporterCyprus leader vows 'thorough' probe of deadly Iran arms blastIn his first public address since the Monday morning blast, which also injured 62 people and damaged hundreds of homes, The Cypriot president, Demetris Chris

British report by Euro ReporterPoliticians’ gun for MurdochAfter holding out for a week, media baron Rupert Murdoch referred a controversial bid to take over British broadcaster BSkyB to the country’s Competition Commission. But his reported pla

Belgian report by Euro ReporterEconomic fundamentals are strongBelgian political parties must first form a government, then reduce debt and balance the budget, the leader of current negotiations Elio di Rupo said Tuesday after setting out proposals to unloc

Austrian report by Euro ReporterAustria doesn’t see capital surcharge for nation’s top banksAustrian regulators won’t pursue a capital surcharge for the country’s biggest banks as European policymakers are debating how to adapt at the

Rating agencies of legitimating economic gossip by Thanos KalamidasFor one more time rating agencies are under fire from the European leaders and the European Union, so what? Is like saying capitalism is bad? Fine, we all know it by now but what are we doing by now for that except nagging because that’s wha

Greece for sale... by Christos MouzevirisComing back from my summer holidays in Greece, I felt that I had to write about the situation that the ordinary people of this country are going through; give an inside view and opinion on the events and add to what the media of Europe and the wor

When EU crisis makes Maggie contemporary by Thanos KalamidasThe last few months the whole Europe has focused into the Greek problem somehow ignoring the reality that has hit them the last few years and unfortunately is going to be in the centre of the talk the next few weeks in the commission. Euro is just

Spanish report by Euro ReporterGovernment trails opposition by 14 pointsSpaniards fed up with high unemployment and a sluggish economy would elect the centre-right Popular Party (PP) with a lead of more than 14 percentage points over the governing Socialist

Portuguese report by Euro ReporterPM proposes new one-off levy on incomePortugal's new centre-right prime minister announced on Thursday an extraordinary tax to be levied on year-end bonuses, showing his determination to fix public finances with a step bey

Italian report by Euro ReporterFlorence requests Mona Lisa's return, Paris says no way Italy has launched a campaign to convince the Louvre Museum in Paris to lend the Mona Lisa painting to Florence's Uffizi Gallery in 2013 to mark the 100th anniver

Irish report by Euro ReporterIreland cuts bank bill, economy grows in Q1Ireland's economy rebounded sharply in the first quarter and the government cut its bill for bailing out the financial sector by nearly 2 billion Euros on Thursday after a success

Hungarian report by Euro ReporterHungary PM to announce world record state debt cut todayHungary’s Prime Minister, Viktor Orbán, is to make a statement today expectedly at 14:00 CET, the PM’s office said in an email. Orbán told public ra

German report by Euro ReporterGermany provides loan guarantees to prop up GreeceWolfgang Schauble, finance minister, said Germany was prepared to beef up the European Financial Stability Fund (EFSF) - one of the mechanisms set up last year as a temporary m

French report by Euro ReporterSarkozy’s ex-wife sparks frenzy with 2012 'novel'France’s celebrity gossip journalists have been rubbing their hands together in anticipation this week after Nicolas Sarkozy’s former wife opened up ab

Finnish report by Euro ReporterFinland agrees on government after complex talksFinland's prime minister-designate says six parties have agreed to form a broad coalition government after weeks of complex talks that lingered mainly because of economic iss

The Greek misery vows by Thanos KalamidasThe Greek prime minister, Georgios Papandreou vows to stay and fight on amid party revolt and reactions in the socialist parliament members; but if Mr. Papandreou thinks that his problem is the party revolt he has lost the point. His problem is in

Greek report by Euro ReporterBondholders need to step up in GreeceAs the Greece crisis began to destabilize wider financial markets on Thursday, Canada’s former top central banker added his voice to those advocating a solution involving bondholders

Cyprus report by Euro ReporterRefugees and migration influxInterior Minister Neoklis Sylikiotis stressed the need for additional action and policies with a view to implement the EU principle of solidarity and fair sharing of responsibility with regard to r

Greek report by Euro ReporterEuropean Central Bank’s Trichet rebuffs German bailout demandsThe European Central Bank will oppose any deal to address Greece’s debt problems that involves forcing the nation’s lenders to take a loss, ECB Pr

British report by Euro ReporterBritain deploys top diplomat, helicopters to LibyaBritish Foreign Minister William Hague flew to Benghazi on Saturday to meet rebels fighting to oust Libyan leader Moammar Gadhafi after NATO deployed attack choppers for the first time. Russia

Belgian report by Euro ReporterGovernment in CrisisIt's approaching rapidly to the one year mark. That's how long the nation of Belgium has been without a government. Belgium has a geographic and linguistic divide that features a Flemish speaking no

A political Drachma drama and a Union in pause by Thanos KalamidasYesterday the news agency Reuters “accidentally” posted to all the media – including Ovi magazine – and subscribers a picture that shown European exchange including US Dollar, Japanese YEN and Greek Drachma leaving all of u

Spanish report by Euro ReporterSpain seeks compensation as greater countries ban imports of Spanish produceAs the number of fatal victims of the E.coli outbreak in Germany rises to 13 and greater countries block the import of Spanish products, Spanish fruit

European dignity ratings by Thanos KalamidasThe rating agency Moody’s followed by European Union’s officials including the Luxembourg Prime Minister and head of the eurogroup, Jean-Claude Juncker and the president of the European council Herman Van Rompuy have warned in differen

Slovakian report by Euro ReporterAnother wall separating Roma from non-Roma plannedYet another wall is evidently being planned in Slovakia to separate the Roma community from other nearby residents. The town of Vrútky in the north of the country wants to

Spanish report by Euro ReporterSpain protesters defy ban to remain in Madrid squareTens of thousands of Spanish protesters have defied a government ban and camped out overnight in a square in the capital, Madrid. The protesters are angry with the government

When Dominique accidentally raped Europe by Thanos KalamidasThere is one thing with my compatriots that I definitely admire and it is their humour; and even under the worst circumstances they can exhibit the most hilarious self-sarcasm. So the last few days the joke that circulates the streets of Athens is

Italian report by Euro ReporterItaly's 'Super Mario' anointed as ECB headMario Draghi, who on Monday was anointed to head the European Central Bank come October, is known in Italy as "Super Mario", and has stature abroad and respect at

German report by Euro ReporterGerman economy minister rejects Greece exit from euroGermany's economy minister rejected on Sunday speculation that Greece should abandon the euro zone and return to the drachma, arguing that this would only weaken Europe

French report by Euro ReporterPresident Sarkozy shifts into re-election modeFrench President Nicolas Sarkozy put his re-election campaign machine into motion this week, strongly hinting at his candidacy during an interview with a French weekly that was pub

Portuguese report by Euro ReporterRespite in the markets for Portugal after €78bn bailoutMarket pressure eased on Portugal yesterday as details began to emerge about the country's €78bn (£70bn) bailout deal hammered out with the European U

Romanian report by Euro ReporterEuropean fund absorption in Romania could increase by involving commercial banks The absorption of European funds in Romania could be improved by improving access procedures and by boosting the participation of private commerc

German report by Euro ReporterBig inflow of migrant workersGermany could see a net inflow of almost 800,000 migrant workers from central and Eastern Europe over the next two years, following the opening of its borders to free labour movement in the Europea

Estonian report by Euro ReporterNation's financial position improved in 2010Estonian companies, households and the government all found better financial footing in 2010, paying off debts and increasing assets, according to analysis by the Bank of Estonia

Finnish report by Euro ReporterFrustrated FinlandSolutions to the eurozone’s sovereign debt and banking crisis were proving elusive, to put it mildly, even before Sunday’s general election in Finland. But the task facing Europe’s leaders h

Italian report by Euro ReporterHistoric race off UN list Italy's Tourism Minister has blocked the centuries-old Palio horse race from being nominated for World Heritage status over concerns about animal cruelty, angering local politicians and residents

Dutch report by Euro ReporterDutch shooter had already been in trouble over weaponsThousands of people, many carrying candles, gathered late Sunday to pay their respects to the victims of the shooting spree in the Dutch town of Alphen aan de Rijn a day ea

German report by Euro ReporterNuclear tensions eruptTensions within Germany’s centre-right coalition government have burst into the open in Berlin, with leading members of the ruling parties competing in calls for ever more drastic moves to abandon n

Europe's sad rowdyisms by Thanos KalamidasWhile the European Council President Herman Van Rompuy proudly announced that, "We decided a comprehensive package of economic measures... Today almost all the strands of this enterprise have come together," the truth is that the summit

Spanish report by Euro ReporterRBS jettisons Spanish assets and loans at a lossTaxpayer-controlled Royal Bank of Scotland sold off a large chunk of its most risky Spanish property loans and assets at a significant loss. The bank said the loans and propertie

Dutch report by Euro ReporterDutch woman, 63, gives birth: New country recordA 63-year-old Dutch woman gave birth to a daughter on Monday, becoming the oldest-ever new mother in the Netherlands, the hospital and news reports said. "Baby Meagan was bo

French report by Euro ReporterFrench voters slam Sarkozy in local ballotingFrench voters slammed President Nicolas Sarkozy in the first round of local elections on Sunday, as the ruling UMP party fell well behind the opposition Socialists and close to the

Greek report by Euro ReporterGreece should be given time to sort out its finances before talk of any debt restructuringGreece should be given time to sort out its finances before talk of any debt restructuring, which would have serious consequences, Peter

German report by Euro ReporterGermany's Merkel hit by EU compromise, nuclear powerThe radiation threat from damaged Japanese nuclear power plants after a devastating earthquake has added to Chancellor Angela Merkel's domestic troubles ahead of thre

Irish report by Euro Reporter17 Things you didn't know about St Patrick's DaySaint Patrick's Day is the most international of national days, celebrated from Boston to Buenos Aires and from Singapore to Seoul. What those cities also tend to sha

Swedish report by Euro ReporterText messages to replace stamps in SwedenThe Swedish postal service plans to give customers' tongues a rest by allowing them to pay their postage via mobile phone text message instead of stamps. A similar system is set for

Danish report by Euro ReporterRasmussen seeks more voice in EU debateDanish Prime Minister Lars Lokke Rasmussen said Denmark would have more clout in EU affairs if it adopted the euro. Denmark will assume the EU presidency in January 2012, a rotating respo

A Union without identity, act I in Helsinki by Thanos KalamidasThe leaders of the European People’s party – too fancy name for the European conservatives – are gathering in Helsinki the last hours for a meeting before the critical for the Union meetings in Brussels for the economic future of

Belgium report by Euro ReporterBelgium’s debt is great unifier as government talks drag onThere are 342 billion reasons why Belgium won’t break apart. That figure is the size of the national debt in Euros: 31,560 Euros ($43,560) for every Belgia

French report by Euro ReporterGreenpeace warns on France-SA nuclear dealsInternational environmental activism group Greenpeace yesterday warned that President Jacob Zuma should not "fall into a dangerous trap" by signing deals with the Fren

Irish report by Euro ReporterEnda Kenny looks to new start for Ireland after Fine Gael election surgeThe centre-right party swept to victory in Friday’s election following voter anger at the nation’s financial meltdown. It is now under pressur

Bazaar "L'Europe"...!!! by Christos MouzevirisI read many euro-sceptics shouting and demanding that Europe and EU does not proceed into a political union,and nation states do not lose their autonomy and "freedom"..To me that is interpreted as "no-Europarliament"..No gov

Spanish report by Euro ReporterSpain creates Food Security Cofinancing Facility Trust Fund Spain has established a new €300 million fund targeting rural poverty and food security, the country's Foreign Affairs Minister announced today on the occas

But seriously Europe by Thanos KalamidasThe last few weeks all of us heard or read one way or another the latest achievements of the one and only Silvio and we might smiled with the Italian clown but we all felt the same time the seriousness behind the accusations.

Romanian report by Euro ReporterRomanian students are given guide saying that gift giving to teachers could be corruptA new anti-corruption campaign is being launched in Romania, this one aimed at students who give gifts to their teachers. A civic group and

Italian report by Euro ReporterSilvio Berlusconi 'has made Italians a laughing stock' "Our young people abroad are called 'bunga bunga' Italians and that is not a flattering definition," the Famiglia Cristiana (Christian Family) ma

Irish report by Euro ReporterIrish opposition pParties call for February election Ireland's two main opposition parties Monday called on the Fianna Fail-led minority government to fast-track legislation for the country's international bailout and

Greek report by Euro ReporterGreece pledges to enforce disputed smoking banGreece has pledged to enforce a smoking ban enacted last year, the latest after decades of failed effort, which continues to be widely flouted in Europe's most nicotine-addicte

German report by Euro ReporterEuro Group leader exhorts Germany to expand rescue fundThe influential head of the Euro Group of 17 countries that have adopted Europe's common currency is warning that Germany must move to expand the money available in th

Finnish report by Euro ReporterFinland not ratifying indigenous peoples ConventionFinland will not ratify the UN convention upholding the rights of its indigenous Sámi population in this government’s term, reports media group Alma Media. The EU h

French report by Euro ReporterFrench minister plays defence after controversial remarks on TunisiaWhen French Foreign Minister Michèle Alliot-Marie said last week that France could help Tunisia control the protests against President Zine al-Abidine Be

Estonian report by Euro ReporterBigger EU rescue fund possible, not ideal-EstoniaAn expansion of the European Union's bailout fund is still a possibility but is not necessary at the moment, Estonia's finance minister said on Wednesday. European finan

Dutch report by Euro ReporterConditions on expanding EU bail-out fundThe Netherlands has stopped its opposition to the expansion of a European emergency fund to bail out countries which get into financial trouble on condition countries get their finances

Cyprus report by Euro ReporterCyprus has no imminent plans for borrowingCyprus has no imminent plans to borrow from international markets because it has covered its financing needs for coming months, the Finance Ministry said on Thursday. The island

Belgian report by Euro ReporterBelgium renews efforts to form a new government Since Belgium's election in June 2010, the parties have failed to form a coalition. A new proposal by Belgium's latest mediator tries to find a compromise for the two dee

Hungarian report by Euro ReporterOpposition targets Viktor OrbanHungary's opposition struck back at a disputed media law Wednesday, by filing a complaint against a friend of Premier Viktor Orban for what it claims were hateful comments in a recent article

Estonian report by Euro ReporterEstonia enters euro zone amid nostalgia for kroon It was a moment the Estonian government - one of a line of liberal, pro-Western coalitions that have ruled the country since 1992 - had been awaiting for years. At midnight on

Finnish report by Euro ReporterIntolerance worries President HalonenIn the President’s annual televised New Year’s speech, Tarja Halonen said that extreme views were on the rise in Finland and abroad, but that intolerance did not solve any probl

Latvian report by Euro ReporterIn briefThe three Latvian helicopter pilots released by Sudanese kidnappers last week have returned home to Latvia, reports LETA. The three Latvian citizens, who were kidnapped in Sudan’s troubled region of Darfur more t

Greek report by Euro ReporterMoody's may cut Greek credit rating, now on reviewMoody's Investors Service put Greece's sovereign foreign currency credit rating on review for possible downgrade on Thursday, citing uncertainty over the country

Angry faces in the streets of Europe by Thanos KalamidasIt was Rome, it is Athens. People running in the streets, fires everywhere, policemen, burned cars and shops and a lot of angry faces. Agree faces. More angry faces in Ireland and more angry faces in the streets of London and even more angry faces

Belgian report by Euro ReporterBelgium grants DRC 14 million Euros for elections Belgium is to give 14 million Euros to DR Congo towards its 2011 general election, according to a statement from the Belgian government made available to the press in Brussels

Portuguese report by Euro ReporterDoes not need international bailout Portuguese Prime Minister Jose Socrates says his country can solve its financial problems by itself and does not need an international bailout. In an interview published Saturday, Mr. Socrat

German report by Euro ReporterExtension of coal subsidiesGermany has won its battle to ensure that state subsidies to loss-making coal mines can continue until 2018, rather than a 2014 cut-off date proposed last summer. Under a deal formally approved by in

Spanish report by Euro ReporterSpain sets new austerity measuresSpain summarized new set of austerity measures Friday to bring its massive budget deficit under control and to relieve investor’s concern on international bailout. The Spanish government

Greek report by Euro ReporterGreek budget revenues pick up in NovemberA Greek official said that lagging budget revenues picked up significantly in November, raising hopes that the debt-ridden country will meet its revenue boosting targets at the end of t

French report by Euro ReporterSarkozy calls journalists paedophiles“See you tomorrow, paedophile friends!” was French President Nicolas Sarkozy’s surprising farewell to reporters at a briefing during the Lisbon Nato conference Friday. Sar

Let's talk about tax, Ireland and European solidarity by Thanos KalamidasOf course all the Europeans were ready and willing to help Ireland but Ireland had to do something tiny little small thing for them they have to bend over and increase their tax to their only chance for economic recovery. You see when Ireland lowe

Austrian report by Euro ReporterAustria approves €20 million for Jewish cemeteries Austria's parliament passed a bill Wednesday to provide €20 million ($27 million) in federal funds to restore Jewish cemeteries over the next two decades. The

Irish report by Euro ReporterExactly how safe are your Irish savings?Over the past two years Irish, Dutch, Indian, Turkish and Cypriot banks, among others, have offered far more competitive deals to UK savers than many home-grown banks, particularly on lo

Romanian report by Euro ReporterRomania: GDP contraction deepens further in Q3On November 12th, the statistics service released the preliminary flash estimate of GDP in Q3. According to the flash estimate, GDP on an unadjusted basis declined by 2.5% yoy in Q

Italian report by Euro ReporterItaly growth slows in third quarterItaly’s economic growth rate slowed to 0.2 percent in the third quarter after expansion of 0.5 percent in the second quarter, the national statistics agency ISTAT said on Friday. The ra

Bulgarian report by Euro ReporterStandoff in Bulgaria with organized crimeWhen Bulgaria’s burly new prime minister, Boyko Borisov, took office, he pledged to stamp out organized crime. But the man nicknamed Batman is now being tested by a weak judiciary

Danish report by Euro ReporterDenmark has ranked number one in The Global Entrepreneurship and Development IndexThe high ranking in GEDI is most likely a result of major growth enhancing policy reforms in the late 1980s and the 90s. In 2005, stimulating en

Hungarian report by Euro ReporterResidents of Hungarian Kolontar village return homeHundreds of residents of the village of Kolontar in Hungary started returning to their homes after being evacuated over the toxic burst at the local aluminium production plant

Romanian report by Euro ReporterHumour tempers horror of Romania’s ‘Golden Age’At the conclusion of writer/director Cristian Mungiu’s five-part opus, Tales from the Golden Age, television images of the Romanian Communist Party in its

Estonian report by Euro ReporterEstonia has largest wages and pensions in the BalticsEstonia has not only the largest wages in the Baltic countries but also the highest pensions, according to a financial survey of Baltic households by SEB Group economists. I

Dutch report by Euro ReporterNetherlands edges towards banning burqaTwo centre-right parties have agreed to ban the burqa in the Netherlands as a price for parliamentary support from the anti-Islam Freedom party for their minority government. Liberals lea

Belgian report by Euro ReporterBishops address celibacy ruleThree Roman Catholic bishops, reacting to damaging sexual abuse scandals in their ranks, have urged the church to consider easing its celibacy requirement for priests. Bishop Jozef de Kesel of Brug

Danish report by Euro ReporterDenmark's FSP, Lærernes team up on residential developmentDanish pension funds FSP Pension and Lærernes Pension have teamed up to invest nearly DKK400m (€53.7m) in a new residential property development in

American poverty that reflects the European reality by Thanos KalamidasReading in the news that one in seven Americans was living in poverty for the year 2009 according the US Census Bureau I felt my spine shivering and naturally my mind returned to Europe and especially to Greece. But this moment it’s not only

Spanish report by Euro ReporterMiners stage an underground sit-in In stark contrast to the plight of the trapped miners in Chile, a group in Spain have deliberately chosen to stay underground. The men are two weeks into a strike to demand wages they say the

Dutch report by Euro ReporterFeiz Muhammad, Muslim Cleric: ‘Behead Geert Wilders’ A radical Muslim Cleric, Feiz Muhammad has called for Geert Wilders to be beheaded for comments he made in an interview about Islam. Wilders only learned of the

Gaddafi's new rascality by Thanos KalamidasThe Libyan leader Col Muammar Gaddafi has an amazing way always to attract Europe’s anger and doubts and I have to admit that for me he’s a very controversial persona worth a psychiatric study and I’m not saying that trying to be

Spanish report by Euro ReporterNo Spanish air traffic strike in AugustPassenger fears over a potential strike by Spanish air traffic controllers have been –temporarily – allayed following an announcement by unions. Spanish air traffic controller

Cyprus report by Euro ReporterAngry residents call for end to exercises Tempers flared at the National Guard’s (NG) Kalo Chorio firing range in Larnaca yesterday, after dozens of nearby residents demanded an end to military exercises until after the

Czech report by Euro ReporterAnti-smoking legislationRestaurateurs bar owners and anti-tobacco groups have slammed new anti-smoking legislation, saying it merely legitimizes and enforces existing practices. The new law, which will come into effect July 1,

Italian Report by Euro ReporterPortraits of Apostles discovered in catacombs of St TheclaThe niche of the Apostles, at the site known as Ponticello di San Paolo, first revealed St Paul a year ago. Now he has been joined by Peter, Andrew and John. The fourth

Hungarian report by Euro ReporterMSZP could drop candidateIn February the Budapest the Socialists appeared to have already chosen their Budapest mayoral candidate for the local government elections in autumn: Csaba Horváth was then the party’s choi

Swedish report by Euro ReporterSweden backs whale hunt planMinister for the Environment Andreas Carlgren has joined forces with Denmark in seeking a compromise that would allow the world's foremost whaling nations Japan, Norway and Iceland to conduct le

Belgian report by Euro ReporterDeadlockBelgium has a fresh crisis on its hands, with Sunday's legislative polls yet again throwing up two distinct and mutually hostile political blocs. The country, which has been mired in political instability caused

The snake that crawls around Europe by Thanos KalamidasThis is one of those times when proven right makes you so sad. When back in late 1980s very few we were talking about the rebirth of racism, prejudice and hate groups in Europe everybody was laughing pointing out that in most countries for example

Maltese report by Euro ReporterLabour MP 'acknowledges' corruption under pre-1987 Labour governmentsThe Nationalist Party has called on Labour leader Joseph Muscat to investigate former ministers after shadow minister Chris Cardona last month acknow

Italian report by Euro ReporterLetta promises “Hard but I hope temporary sacrifices”“The time has come for sacrifices”, accords to Paolo Bonaiuti, who called for a signal of fairness from top earners. Gianni Letta stressed: “Th

The IMF's shadow by Thanos KalamidasIt looks like the minute the International Monetary Fund put a foot in Greece cannot keep away from Europe and now with a new force warns Spain – they called it concerns - for problems and the time has come for some radical measures to ensur

The Greek blaming game by Thanos KalamidasLet’s talk about football! I would love to write that and spend the next hour talking about the Europe league, the last games and my favourite football persona José Mourinho but …but the telephone rings and it is some friends from

Italian repport by Euro ReporterSilvio and Veronica Discuss AlimonyFor Veronica Lario, yesterday was like the day after an exam, a moment in which to absorb the fact that a long, long chapter of her life was coming to a close. Nineteen years of marriage and

French report by Euro ReporterFrench anti-hero tells court that he is ‘no Robin Hood’ at heist trialA French armoured van driver who became an Internet hero when he made off with millions in cash told his trial Tuesday that he was no Robin Hood

Greek report by Euro ReporterBacklash from parties, unions on the wayMembers of the PAME union, which is affiliated to the Communist Party, are seen yesterday in central Athens through a banner with the word ‘crisis’ in Greek. A 24-hour genera

Estonian report by Euro ReporterMore International Meetings? Not Now.The next major international event Estonia will host after the NATO foreign ministers summit last week will most likely be the EU, Latin-American and Caribbean states summit in 2018. Since

Romanian report by Euro ReporterRomanian prosecutor arrested for corruptionA prosecutor, two lawyers and two police officers were detained on Friday (April 23rd) for corruption. Nelu Carpen, head of the prosecution office in the town of Buftea, is accused of

Dutch report by Euro ReporterFrancis Bacon heirs battle Van Gogh foundation In life, Francis Bacon regarded Van Gogh as a kindred spirit and would constantly pay tribute to the genius of the Dutch master. He quoted his letters as inspiration saying it was

Italian report by Euro ReporterMills covered for BerlusconiBritish lawyer David Mills covered for Italian Premier Silvio Berlusconi during two tax-fraud trials in the late 1990s, Italy's highest appeals court said Wednesday. The Cassation Court's co

Cyprus report by Euro ReporterTurkey still refuses to probe missing issuePresident of the Committee of Relatives of Undeclared Prisoners and Missing Persons, Nicos Theodosiou, said that Turkey still refuses to comply with a ruling of the European Court of

Portuguese report by Euro ReporterConsumer Price Inflation Edges Up In MarchThe Statistics Portugal announced that the consumer price index or CPI rose 0.5% on an annual basis in March, faster than the 0.2% growth in the previous month. A year ago, the CPI was

Czech report by Euro ReporterKlaus expresses shock over tragedy that claimed life of Polish president, dozens of othersPresident Václav Klaus has expressed his deepest condolences over the tragic death of Polish President Lech Kaczynski who was kille

Cyprus report by Euro ReporterGovernment takes a pay cutCabinet members and government officials have voluntarily accepted a cut in their salaries their earnings by 10%, as a gesture to boost the economy of the island, by trimming state spending. The decis

Slovenian report by Euro ReporterKresal, Under Fire, Rejects CulpabilityInterior Minister Katarina Kresal has come under fire in the recent months over her alleged role in several high-profile stories. She also faces her second interpellation motion in a year

Thinking about Europe without the euro? by Newropeans-MagazineWhen Iceland went bankrupt, this was positive news for Europe. European politicians told their citizens that this example shows how essential European integration really is. This would never happen in one of the EU member st

Ashton's EU diplomacy by Thanos KalamidasThe new EU foreign policy chief, Baroness Catherine Ashton speaking about her plans about the future of the European Union diplomacy in the European Parliament said emphatically that to build a robust new diplomatic service is once in a generation

Austrian report by Euro ReporterFederal Chancellor Werner Faymann: “Mongolia is important partner”Austria’s Chancellor Werner Faymann declared that Mongolia is an important partner in Asia. The reason for such a statement was the visit of M

Greek report by Euro ReporterObama Invites PapandreouThe financial crisis and the way Greece is tackling its debt, the US-Greece bilateral relations, the Greco-Turkish relations, Cyprus, the issue of the FYROM name along with energy issues and the situati

The Euro-tragedy by Thanos KalamidasAnd the talk about the Greek economy continues but it seems that nobody cares to listen the Greek prime minister or the Greek citizens, something that makes you wander what really is going on with the Euro and the European economy in general.

Irish report by Euro ReporterGovernment wins motion of confidence in Minister O'DeaThe Government has this evening won a motion of confidence in Minister for Defence Willie O’Dea by 80 votes in favour and 69 against. The decision to hold the mot

Greek report by Euro ReporterPM talks tough but EU may offer helpPM George Papandreou committed his government to taking any measures necessary to fix Greece’s public finances, after being buoyed by the support he received from French President Nico

Shopping with Euro in UK by Thanos KalamidasOne of the places I visited these last few weeks I was away it was London and the first thing that impressed me after nearly eight years I hadn’t been in the capital of the United Kingdom was …how cheap everything is. A few hours later